Saputo acquires F&A Dairy for $85m
Montreal-based Saputo continues its 2018 purchasing spree with its latest acquisition of Wisconsin-based F&A Dairy. It produces a variety of natural cheeses “the traditional Italian way” for distribution in the US and Mexico, including mozzarella, provolone and cheddar.
The deal is expected to close by the end of 2018 and will include the activities of the two F&A Dairy manufacturing facilities in Las Cruces, New Mexico, and Dresser, Wisconsin. Saputo will also absorb approximately 170 employees from the deal.
F&A Dairy has produced cheese out of the Midwest independently for more than 50 years and generated $163m in revenue in its last fiscal year.
Saputo has recently made an effort to expand its global portfolio. Southeast Milk in Florida, Montchevre-Betin in Wisconsin, Murray Goulburn in Australia and Shepherd Gourmet Dairy in Ontario have all become part of the Saputo family in the past year.
The company’s growth has encouraged it to focus on markets outside of North America, and it was dubbed Australia’s “top dairy processor” following the Murray Goulburn deal this spring.
